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How COVID is hastening the exodus of India's gilded class

Unlike a brain drain, there is little hope the money will return home

| India
Skyscraper in Dubai, pictured on Jan. 29: the UAE is shrewdly positioning itself as a favored destination for Indian HNWIs.   © Getty Images

Rupa Subramanya is a researcher and commentator. She is a distinguished fellow of the Asia Pacific Foundation of Canada.

In July 2020, Henley & Partners, a London-based agency that helps to relocate high net worth individuals -- people with a net worth of at least $1 million -- opened an office in Mumbai, India.

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